Property rates in Matunga East average ₹50,800 per sq ft, reflecting steady demand for this premium South Mumbai location. The market has seen consistent growth, with current values significantly above previous quarters. Investors are drawn to the area's 3.59% rental yield, while homebuyers have access to a diverse inventory ranging from ready-to-move apartments to exclusive new launches, solidifying its status as a high-value residential hub.
Insights for Matunga East, Mumbai Real Estate Market Overview
The Matunga East real estate landscape shows sustained appreciation, with average property values climbing to ₹50,800 per sq ft as of June 2026. This upward trajectory is supported by a robust rental market that offers a healthy yield of 3.59%, making it an attractive destination for both end-users and investors. Registration activity remains active, with 39 transactions recorded recently totaling ₹125 Cr, highlighting the liquidity and confidence in this prime locality. Developers continue to introduce new projects, while established residential complexes maintain their premium status, ensuring a balanced mix of supply across various construction stages.
Property prices have trended upward from ₹47,700 per sq ft in September 2025 to the current ₹50,800 per sq ft.
Ready-to-move properties provide immediate occupancy options at an average rate of ₹43,150 per sq ft.
Rental rates for apartments average ₹152 per sq ft, with 4 BHK units commanding monthly rents around ₹3 Lakh.
Kesar Horizon stands out in the premium segment with an asking rate of ₹60,150 per sq ft.
Market registration data indicates a consistent flow of transactions, with an average registered rate of ₹33,450 per sq ft.
Market Strengths
Consistent property price appreciation reaching ₹50,800 per sq ft as of mid-2026.
A strong rental market with an average rate of ₹152 per sq ft for apartments.
High-value premium projects like Kesar Horizon showing significant growth of 50.34%.
A solid volume of ready-to-move projects, offering 88 units for immediate occupancy.
Healthy transaction activity with 39 registrations totaling ₹125 Cr within the last year.
Broad rental options ranging from ₹29,500 per month for studios to ₹3 Lakh for larger 4 BHK units.
Market Challenges
New launch projects have experienced a slight decrease of -1.31% in average price, indicating a competitive environment for developers.
Well-occupied property segments have seen a -15.88% change in pricing, suggesting a cooling in specific secondary market pockets.
High entry costs for premium projects may limit the pool of first-time homebuyers.
Investment Opportunities
Capitalize on a steady 3.59% rental yield, which remains attractive for long-term residential investors.
Explore 1 BHK units that offer a lower entry point for rental income at an average of ₹67,950 per month.
Benefit from the 4.42% growth trend seen in under-construction projects, suggesting potential for appreciation upon completion.
Leverage the high demand for luxury living by considering premium projects like Godrej Five Gardens.
Target the high-end rental segment where 4 BHK apartments generate up to ₹3 Lakh per month.
Price Trend
Matunga East, Mumbai Property Price Trends and Appreciation
Property rates in Matunga East have shown a consistent upward trend over the past year, rising from ₹47,700 per sq ft in September 2025 to ₹50,800 per sq ft by June 2026. This growth reflects the enduring demand for high-end residential space in this sought-after pocket of Mumbai. The micromarket has similarly kept pace, ensuring that the local pricing remains competitive within the broader city landscape.
Matunga East commands a premium position compared to neighboring areas, reflecting its established status and connectivity. While Wadala maintains an average rate of ₹36,950 per sq ft, Matunga East stands at ₹50,800 per sq ft, underscoring its higher value proposition. Similarly, Dadar East averages ₹47,100 per sq ft, placing it slightly below the elevated price levels found within Matunga East. These comparisons highlight the area's strong appeal among investors seeking value retention in South Mumbai.
The residential market in Matunga East is defined by its apartment-centric offerings, which currently average ₹50,800 per sq ft. This category has experienced a positive change of 3.42%, signaling robust buyer demand. These apartments cater to a range of lifestyle preferences, cementing the locality's reputation as a premium residential destination.
Matunga East offers a diverse supply of housing, catering to both immediate and long-term buyer needs. Ready-to-move projects, with 88 units available, are priced at an average of ₹43,150 per sq ft, reflecting a 3.65% increase. Meanwhile, 13 under-construction projects are currently valued at ₹48,800 per sq ft, showing a 4.42% growth, while 11 new launches are priced at ₹36,450 per sq ft to capture emerging demand.
Project & Developer Insights
Top Residential Projects and Developers in Matunga East
Top Projectsin Matunga East
JP Codename Matunga Origins is the top project in Matunga East with prices from ₹ 2.94 Cr to 4.23 Cr.
JP Codename Matunga Origins
₹ 2.93 Cr - ₹ 4.23 Cr
Mumbai South, Mumbai
Lodha Signet
₹ 2.25 Cr - ₹ 4.66 Cr
Mumbai South, Mumbai
Lodha Divino
₹ 4.44 Cr - ₹ 22.20 Cr
Mumbai South, Mumbai
Godrej Five Gardens
₹ 12.3 Cr - ₹ 13.14 Cr
Mumbai South, Mumbai
Godrej Trilogy
₹ 18.88 Cr - ₹ 29.95 Cr
Mumbai South, Mumbai
LnT Island Cove
₹ 3.40 Cr - ₹ 6.34 Cr
Mumbai South, Mumbai
Piramal Mahalaxmi
₹ 5.45 Cr - ₹ 14.03 Cr
Mumbai South, Mumbai
Runwal Timeless
₹ 1.59 Cr - ₹ 3.5 Cr
Mumbai South, Mumbai
Kalpataru Azuro
₹ 45 Cr - ₹ 71.98 Cr
Mumbai South, Mumbai
Lodha Malabar
Price On Request
Mumbai South, Mumbai
View More
New Launch
Under Construction
Ready to Move
Top Developersin Mumbai
Lodha leads in Mumbai with 110 projects and 39 years of experience.
Premium residential developments define the skyline of Matunga East, with several projects commanding significant valuations. Godrej Five Gardens leads the segment with an asking rate of ₹64,850 per sq ft, followed closely by Kesar Horizon at ₹60,150 per sq ft, which has seen a notable 50.34% change. Other high-value projects like Sarav Darshan at ₹59,550 per sq ft and Ekta Vistabella at ₹58,450 per sq ft further highlight the luxury standards expected in this location.
Select projects are setting the benchmark for rental values in Matunga East. Kesar Horizon leads with a current rental rate of ₹160 per sq ft, while Earth Building has seen a significant 32.76% change, bringing its rate to ₹154 per sq ft. Other notable projects like Gurukul CHS and JP Hari Mangal Manor continue to attract tenants at rates of ₹155 and ₹153 per sq ft respectively.
The development landscape in Matunga East is characterized by focused activity, with Goshar Alliance LLP leading the market in terms of recorded transactions. Their presence underscores the developer's commitment to delivering quality residential options that meet the high expectations of buyers in this prime South Mumbai locality.
Government Registrations
Government Registration in Matunga East, Mumbai
Official registration data for the period of October 2025 to September 2026 confirms strong market momentum in Matunga East, with 39 transactions recorded. These deals reached a gross value of ₹125 Cr, with an average registered rate of ₹33,450 per sq ft. Goshar Alliance LLP has been identified as a key developer driving this transaction activity, reflecting continued buyer confidence in the area's real estate potential.
Sales Transactions39
Gross Sales Value₹ 125 Cr
Registered Rate₹ 33,450/Sq.Ft
Rental Trends
Rental Trends and Average Rent in Matunga East, Mumbai
Rental rates in Matunga East vary significantly by unit size, reflecting the diverse housing needs of the locality. Studio apartments are available for an average of ₹29,500 per month, while 1 BHK units average ₹67,950 per month. Larger 2 BHK and 3 BHK apartments command monthly rents of ₹1.15 Lakh and ₹1.86 Lakh respectively, with 4 BHK units reaching up to ₹3 Lakh per month. The rental market across the broader Matunga area remains competitive, with average rates hovering around ₹150 per sq ft. While locations like GTB Nagar have seen a notable increase of 18.48% in rental rates, other areas like Kasaravadi have experienced a -26.41% shift, highlighting the localized nature of rental price movements in the region. Apartments remain the primary rental property type in Matunga East, maintaining an average rate of ₹150 per sq ft. This segment has shown a steady 2.01% growth, indicating consistent demand for residential rental spaces in this part of the city. Select projects are setting the benchmark for rental values in Matunga East. Kesar Horizon leads with a current rental rate of ₹160 per sq ft, while Earth Building has seen a significant 32.76% change, bringing its rate to ₹154 per sq ft. Other notable projects like Gurukul CHS and JP Hari Mangal Manor continue to attract tenants at rates of ₹155 and ₹153 per sq ft respectively.
Rental rates in Matunga East vary significantly by unit size, reflecting the diverse housing needs of the locality. Studio apartments are available for an average of ₹29,500 per month, while 1 BHK units average ₹67,950 per month. Larger 2 BHK and 3 BHK apartments command monthly rents of ₹1.15 Lakh and ₹1.86 Lakh respectively, with 4 BHK units reaching up to ₹3 Lakh per month.
The rental market across the broader Matunga area remains competitive, with average rates hovering around ₹150 per sq ft. While locations like GTB Nagar have seen a notable increase of 18.48% in rental rates, other areas like Kasaravadi have experienced a -26.41% shift, highlighting the localized nature of rental price movements in the region.
Apartments remain the primary rental property type in Matunga East, maintaining an average rate of ₹150 per sq ft. This segment has shown a steady 2.01% growth, indicating consistent demand for residential rental spaces in this part of the city.
Frequently Asked Questions About Property Rates in Matunga East, Mumbai
What is the average asking price in Matunga East as of June 2026?
As of June 2026, the average asking price in Matunga East is ₹50,800 per sq ft. This figure reflects an appreciation of 3.42% compared to previous periods, signaling sustained demand and premium positioning for residential apartments in this locality.
How have property prices in Matunga East trended recently?
Property prices in Matunga East have shown a consistent upward trajectory through the first half of 2026. The average asking price rose from ₹48,700 per sq ft in December 2025 to ₹49,100 per sq ft in March 2026, and further to ₹50,800 per sq ft by June 2026, indicating strong buyer confidence and market resilience.
How does the average asking price in Matunga East compare to the Government Registration Rate?
The average asking price in Matunga East is currently ₹50,800 per sq ft, while the Government Registration Rate stands at ₹33,450 per sq ft as of June 2026. This gap between the market-driven asking price and the government-benchmarked registration rate is common in premium localities, reflecting the high value placed on amenities, location, and project quality by current sellers.
What are the current rental rates for different BHK configurations in Matunga East?
Rental rates in Matunga East vary significantly by configuration, catering to a diverse tenant base as of June 2026. Studio apartments command an average of ₹29,500 per month, while 1 BHK units average ₹67,950 per month. For larger requirements, 2 BHK units average ₹1.15 Lakh per month, 3 BHK units average ₹1.86 Lakh per month, and 4 BHK units reach an average of ₹3 Lakh per month.
What is the rental yield in Matunga East and what does it signify for investors?
The rental yield in Matunga East is 3.59% as of June 2026. This yield represents the annual rental income relative to the capital investment, providing investors with a clear metric to evaluate the income-generating potential of residential apartments in this area alongside the potential for long-term capital appreciation.
Which projects in Matunga East command the highest rental rates?
As of June 2026, premium projects leading the rental market in Matunga East include Kesar Horizon at ₹160 per sq ft, Gurukul CHS Matunga at ₹155 per sq ft, and Earth Building at ₹154 per sq ft. Earth Building notably saw a significant appreciation of 32.76% in its rental rate compared to previous periods, highlighting its growing desirability among tenants.
How do property prices differ by construction status in Matunga East?
As of June 2026, property prices in Matunga East vary by status: Ready To Move units average ₹43,150 per sq ft (appreciating by 3.65% from previous periods), while Under Construction projects average ₹48,800 per sq ft (appreciating by 4.42%). New Launch projects are currently priced at an average of ₹36,450 per sq ft, which reflects a depreciation of 1.31% compared to previous periods, offering a different entry point for investors.
How do property prices in Matunga East compare to nearby neighbourhoods?
Property prices in Matunga East, at ₹50,800 per sq ft, are positioned competitively within the South Mumbai region. For comparison, Shivaji Park commands a higher average of ₹55,850 per sq ft, whereas Wadala offers a more accessible entry point at ₹36,950 per sq ft. These variations allow buyers to choose between established premium pockets and emerging areas based on their budget and lifestyle preferences.
Which residential projects in Matunga East have the highest listing rates?
As of June 2026, Godrej Five Gardens leads with a listing rate of ₹64,850 per sq ft, followed by Kesar Horizon at ₹60,150 per sq ft and Sarav Darshan at ₹59,550 per sq ft. Kesar Horizon and Sarav Darshan have shown strong market performance, with listing rates appreciating by 50.34% and 48.83% respectively compared to previous periods, reflecting high demand for these specific developments.
How should a prospective buyer interpret the property rate data for Matunga East?
Prospective buyers should use the June 2026 data to benchmark their budget against the average asking price of ₹50,800 per sq ft. By comparing the Ready To Move rate of ₹43,150 per sq ft against the Under Construction rate of ₹48,800 per sq ft, buyers can weigh the benefits of immediate possession versus the potential for future appreciation in newer, under-construction developments.
